Saville's Utilico continues Infratil selldown, reducing stake to 6.5%

Tue, 09 Jun 2015

June 10 (BusinessDesk) - UK investment house Utilico Investments has continued to reduce its stake in Infratil, raising $7.9 million in an on-market selldown this month. Utilico sold 2.43 million shares at $3.254 apiece, reducing its holding in the Wellington-based investment group to 6.5 percent. Utilico has a long association with Infratil and is managed by Infratil director Duncan Saville. It began trimming its stake in 2010, when it owned almost a fifth of the company. In January, Utilico sold 10.4 million Infratil shares at $2.95...

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